SALES COMPANIES OF FAW-VW AND SAIC-VW TO TIE UP
AsiaInfo Services, May, 2003
AsiaInfo Services 05-09-2003 Sales Companies of FAW-VW and SAIC-VW to Tie Up BEIJING, May 09, 2003 (SinoCast via COMTEX) -- 'Sales companies of both FAW-VW and SAIC-VW will in the end unite, but they must be very careful before they make the move', said Mr. Walter Hanek, import manager of Volkswagen (China) Investment Co.
Ltd., during an interview at Auto Shanghai 2003. Volkswagen AG has three parallel distribution channels when Imported Auto Division of Volkswagen Group (China) set up in November 2002 - the Sales Company of FAW Volkswagen Automotive Co. Ltd. (FAW-VW), SAIC-Volkswagen Sales Co. Ltd. and dealers of imported automobiles. Hanek remarked that it is obviously too expensive to distribute one brand via three completely different channels at twice even...
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